The round is majorly raised by founders of ed-tech platforms only that have participated in their personal capacity
AdmitKard, an EdTech platform that simplifies accessing higher education abroad has raised INR 10Cr in Pre-Series A Round. The round is majorly raised by founders of ed-tech platforms only that have participated in their personal capacity. The round witnessed participation from the founders of renowned ed-tech start-up-like -Vamsi Krishna & Pulkit Jain of Vedantu, Mayank Kumar of upGrad, Gaurav Munjal, Roman Saini & Sumit Jain of Unacademy, Tanushree Nagori, Aditya Shankar & Ravi Sekhar of DoubtNut, Akshay Saxena of Avanti, and other prominent investors including Pankaj Chaddah (ex-Zomato), Suhail Sameer & Dhruv Dhanraj Bahl of BharatPe, Vijay Arisetty (MyGate), Anand Chandrasekaran (ex-Snapdeal, Facebook), Sameer Guglani of Morpheus Gang, BCG Partners, MD of JPMorgan and others.
The pandemic certainly wreaked havoc on the start-up industry, however, ed-tech has been one of the sectors to witness growth in traction. The sector moving towards holistic growth has exhibited a mutually beneficial approach in this fundraise where ed-tech founders have come forward to participate in fundraising by AdmitKard.
“During the pandemic, we realized that students were not able to travel abroad due to the closed international borders. Hence we doubled down our effort on ensuring the students’ experience in our long drawn funnel gets better. To enable that we realized the guidance to the students’ needs to be product-driven instead of being dependent on humans. We sought guidance from our mentors from other EdTech companies and de-skilled the entire counseling process, solving a major problem of counselors in this industry.” said Mr. Rachit Agrawal – Co-Founder, AdmitKard
“I have been a mentor to Rachit & Piyush for a long time now and have seen the journey of AdmitKard. Their focus on productizing student guidance and de-skilling the role of a counselor is a big win as it solves a very fundamental problem of talent quality and standardization at scale. I am happy to be a part of their growth journey” said Mr. Vamsi Krishna – Co-Founder, Vedantu
Source: Business World